Executives from Walmart, Target, and Home Depot met with President Trump to discuss tariffs, describing the meeting as constructive. Retailers are managing their pre-tariff inventories and some view tariffs as a “holiday tax” impacting upcoming shopping seasons. The National Retail Federation supports communication between businesses and the President, though they criticize the administration’s tariff policies, urging congressional oversight. Retailers are emphasizing supply chain diversity to mitigate tariff impacts, while uncertainty remains, particularly regarding U.S.-China negotiations on tariffs.
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